US Spot Bitcoin ETFs Bounce Back with $118.8 Million in Inflows

U.S. spot Bitcoin ETFs rebounded with $118.8 million in net inflows on October 7, marking a swift recovery after a brief lull. BlackRock's IBIT led the charge with $122 million in inflows, while Morgan Stanley's MSBT added $7.8 million. Grayscale's Bitcoin Mini Trust (BTC) saw the only notable outflows, totaling $11 million, with other products reporting no significant changes.

The latest inflows bring the month-to-date total to $321.4 million, while the year-to-date figure stands at $1.25 billion. This resurgence highlights the growing interest in Bitcoin ETFs among institutional investors, despite occasional fluctuations in daily flows.